Silicon Beach is the Westside region of the Los Angeles metropolitan area that is home to more than 500 technology companies, including startups. It is particularly applied to the coastal strip from Los Angeles International Airport north to the Santa Monica Mountains, but the term may be applied loosely or colloquially to most anywhere in the Los Angeles Basin. Startups seeded here include Snapchat and Tinder. Major technology companies that opened offices in the region including Google, Yahoo!, YouTube, BuzzFeed, Facebook, Salesforce, AOL, Electronic Arts, Sony, EdgeCast Networks, MySpace, Amazon.com, Apple, Inc., and Netflix. By some 2012 metrics, the region was the second- or third-most prominent technology hub in the world. In the first six months of 2013, 94 new start-ups in Silicon Beach raised over $500 million in funding, and there were nine acquisitions.
As in the San Francisco Bay Area, the influx of technology companies has boosted home and office rents and real estate prices in Playa Vista, Playa Del Rey, Westchester, Santa Monica, and Venice, already high previously due to beachfront location. The effects are also spilling over into Marina del Rey and Hermosa Beach.
Start-up pockets have also emerged in nearby Culver City, West L.A., and El Segundo. Other pockets include Downtown Los Angeles, Beverly Hills, Hollywood, Glendale, and the San Fernando Valley, which were pricey areas even before the influx. The tendency of companies to congregate in these centrally-located, high income areas has raised concerns about the feasibility of racial minorities joining the workforce, as they tend to live in further outlying areas.
Higher education institutions headquartered in Silicon Beach include Loyola Marymount University and Otis College of Art and Design. Other higher education institutions in the nearby Southern California region or with satellite campuses in/nearby Silicon Beach include: Pepperdine University, Santa Monica College, Art Center College of Design, California Institute of Technology, University of California Los Angeles, University of Southern California, Occidental College, and the Claremont Colleges.
List of technology companies based in Silicon Beach
|AdColony||2011||Adtech||Acquired by Opera for $350 million|
|Age of Learning||2007||Education|
|Bitium||2012||Cloud Computing||Acquired by Google for an unknown amount|
|Branded Online||2010||Ecommerce & Online Marketing Agency|
|Distillery||2008||Mobile Application Development, UX/UI|
|Dollar Shave Club||2011||Consumer packaged goods||Acquired by Unilever for $1 billion|
|Falcon Computing Solutions||2014||High Performance Computing, FPGA acceleration - tools and solutions|
|Flexport||2013||Digital Freight Forwarding|
|GOAT||2015||e-commerce, Fashion (sneakers)|
|Guthy-Renker||1988||Direct Response Marketing|
|HelenHealth (ZB Technologies, Inc.)||2016||Digital Health|
|The Honest Company||2012||e-commerce|
|Honey||2012||Cashback website, online coupons||Acquired by PayPal in 2020 for $4 billion|
|Hulu||2007||Television Streaming Services||$15.8 billion |
|MatchCraft||1998||Digital Marketing Platform Technology & Services|
|MuteSix||2014||Performance Marketing Agency|
|Nasty Gal||2006||Retail||Unknown - Chapter 11|
|Oculus VR||2012||Virtual reality||Acquired by Facebook, Inc. in 2014 for $2 billion|
|Onestop Internet||2004||Full Service Ecommerce Agency|
|Ring||2012||Home Security Devices||Acquired by Amazon for $1 billion|
|Riot Games||2006||Video Games|
|Science 37||2014||Medical technology|
|Scopely||2011||Video Games||$1.7 billion|
|ServiceTitan||2012||Software technology platform||$8.3 billion|
|Snail Games||2000||Video Games|
|Snap Inc.||2011||Social media||$23 billion|
|Swagbucks / Prodege, LLC||2007||Digital Rewards & Cash Back|
|TI Health||2010||Data and Analytics, Healthcare Digital Marketing|
|TigerText||2010||Messaging, Text Analytics, Communications Infrastructure||$625 million|
|TrueCar||2005||Automotive websites||$1.65 billion|
|Virgin Hyperloop One||2014||Transportation|
|Wpromote||2001||Digital Marketing Agency|
|.xyz||2014||Internet Domain Registry|
- 1983: PC Magazine reported that "some people are starting to call" Boca Raton, Florida—where IBM had developed its Personal Computer, and other technology companies had facilities—"Silicon Beach, in deference to the great valley of the West".
- 1984: Silicon Beach Software was formed in San Diego, California.
- 2008: Silicon Beach Australia was used to describe the country's tech industry, including startup hubs in Sydney, Melbourne, Brisbane, and Perth.
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- Gagliordi, Natalie. "Opera Software acquires AdColony for up to $350 million". ZDNet. Retrieved 2019-01-08.
- "Google Cloud acquires cloud identity management company Bitium". TechCrunch. Retrieved 2019-01-08.
- "Unilever Buys Dollar Shave Club for $1 Billion".
- Lawler, Ryan. "Digital Display Startup Enplug Raises $2.5 Million Seed Round". TechCrunch. AOL. Retrieved 21 May 2014.
- Smith, Samantha. "LA Startup Goes from 0 to 100mph In Three Months". Forbes. Retrieved 22 May 2014.
- "PayPal Completes Acquisition of Honey" (Press release). PR Newswire. January 6, 2020.
- Taulli, Tom. "Why PayPal Paid $4 Billion For Honey Science". Forbes. Retrieved 2020-01-28.
- Peters, Jay (2019-11-20). "PayPal acquires the company behind the Honey deal-finding extension for $4 billion". The Verge. Retrieved 2020-02-25.
- "Hulu Revenue and Usage Statistics (2022)". 5 January 2021.
- "Can Nasty Gal Be Saved?". 26 May 2017.
- "Honey's Billionaire Founder Buys $60 Million Bel Air Mega-Mansion". 11 March 2020.
- Green, Dennis. "Amazon's $1 billion acquisition of the doorbell-camera startup Ring is the company doing what it does best — and it should terrify every other retailer". Business Insider. Retrieved 2019-01-08.
- Spangler, Todd (29 October 2019). "Scopely Valued at $1.7 Billion After $200 Million Round, With Mobile Game Company's Sights Set on M&A". Variety. Retrieved 2020-05-29.
- "ServiceTitan, Software Provider For Tradespeople, Reaches $8.3 Billion Valuation". Forbes. 26 March 2021. Retrieved 16 September 2022.
- "SNAP Key Statistics | Snap Inc. Class A Common Stock Stock - Yahoo Finance". finance.yahoo.com. Retrieved 2017-03-20.
- "Funderbeam". www.funderbeam.com.
- "TrueCar, Inc. Common Stock (TRUE)". NASDAQ.com.
- "These Young Founders Give Cannabis Brands The Opportunity To Market Directly To Consumers". Forbes. 2018-09-27. Retrieved 2020-02-28.
- Porter, Martin (November 1983). "The Talk of Boca". PC Magazine. p. 162. Retrieved 22 October 2013.
- Hill, Ryan (February 4, 2016) [www.triton.news/2016/02/813/ "San Diego is bringing back Silicon Beach"] [The Triton]
- LeMay, Renai (July 28, 2008). "Silicon Beach Australia". ZDNet. Retrieved 2013-05-30.
- Kohler, Alan (November 21, 2012). "Australia's "Silicon Beach" is no Entrepreneurs Paradise". The Drum. ABC.